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The ferrous complex remains under pressure amid mounting cross-currents.
Topping the list is the decline and fall of Radiant World as it sinks into ignominy with its counterparties.
Deutsche Bank AG and KBC Group NV have frozen some of the company’s Singapore bank accounts, while some other banks have suspended credit lines…
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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